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Mar 19, 2013
03/13
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>> the interest rate environment has been great for five years now. they are rising from such a low point. i do not think another 100 basis point rise will do that. the economy slowly creeks upwards, we will see an improvement on the housing market. there was a chart that we had during the bubble. as i said, we have the climbing no class incomes. we have housing prices starting to rise again. watch for a repeat of the previous bubble. dagen: you could see a divergence from not, correct? >> we very well could. fannie mae is purchasing the% down loans again. dagen: diggity dog. uncle sam is standing willing and ready. when it you be a fool not to take advantage of that? >> there are some people that have certain libertarian market people that would balk at it. i think we are starting to pick up. do not get too excited when all the obamacare taxes kick in next year. i would go into any of the markets like miami. the whole purchase to rent phenomenon, all the investors are jumping in and buying rental properties. the holster is wearing off on that. it did
>> the interest rate environment has been great for five years now. they are rising from such a low point. i do not think another 100 basis point rise will do that. the economy slowly creeks upwards, we will see an improvement on the housing market. there was a chart that we had during the bubble. as i said, we have the climbing no class incomes. we have housing prices starting to rise again. watch for a repeat of the previous bubble. dagen: you could see a divergence from not, correct?...
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Mar 26, 2013
03/13
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cheryl: the fact you've got kind of a low volume environment happening in europe and you have money in u.s. equities, s&p 500 we're five points away from an intra day close on the s&p 500. global investors are socking money in the united states. >> i think that's true and in our opinion, the equity market is the place to be the next two or three years. it's true we're getting close to all-time highs on the market indices but it's not true we're at all-time highs in valuation. it's still reasonable and the alternatives are miserable. cheryl: but are we growing into our debt? we've got expected g.d.p. for 2013, 2014, 2%, 3%. some would argue that's not outstanding growth but a dow is over 91 points. do you think this is a disconnect? >> this process will be a 10 or 15-year process. but you look at our government, there's no easy way to take away the programs and the goodies people have been accustomed to getting. cheryl: we've had central banks around the world, central bing in this country continues to flood the market. does that make you the equity bull that you seem to be? >> it helps
cheryl: the fact you've got kind of a low volume environment happening in europe and you have money in u.s. equities, s&p 500 we're five points away from an intra day close on the s&p 500. global investors are socking money in the united states. >> i think that's true and in our opinion, the equity market is the place to be the next two or three years. it's true we're getting close to all-time highs on the market indices but it's not true we're at all-time highs in valuation. it's...
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Mar 22, 2013
03/13
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different perspectives on the tax environment. it's rough out there. thank you for being here. >> a pleasure. >> thank you. cheryl: all right. let's share something highly -- happy. new jobs. unemployment is down. the reasons why coming up. as we go to break, let's take a look at someone in names overall on the nasdaq. we will be right back. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ cheryl: time for your westcoast minute. san francisco's union bank is expanding in arizona. the bank has decided to open a new mortgage operation center. the center is expected to create 250 jobs. the governor offered tax incentives to union bank which is owned by mitsubishi financial trading and the new york stock exchange, up over 16 percent year-over-year. the emplo
different perspectives on the tax environment. it's rough out there. thank you for being here. >> a pleasure. >> thank you. cheryl: all right. let's share something highly -- happy. new jobs. unemployment is down. the reasons why coming up. as we go to break, let's take a look at someone in names overall on the nasdaq. we will be right back. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is...
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Mar 21, 2013
03/13
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what to make of, well the entire environment for growing a business in this country? ali wing, founder and ceo of giggle, the baby chain of stores and online sales. she joins us now. in terms of what you're seeing, just broadly, ali, the tax environment for you, it is getting worse, no? >> it is. i'm actually just in the middle of annual compensation reviews. i know every employee right now is feeling less in their take-home pay. that is a pressure of a different type for businesses. but it's the same old theme, whether it was not charging online only businesses sales tax or people off-line had to have it. just needing to even the playing field. not a disinincident tiff to big next generation of big businesses in america and right now it is still uneven. dagen: we talked about though the complications created by government, local government, state governments, the federal government in running a business today. we're celebrating the anniversary of the health care law and, what we've seen washington do in recent years. is it getting worse to grow a business in this cou
what to make of, well the entire environment for growing a business in this country? ali wing, founder and ceo of giggle, the baby chain of stores and online sales. she joins us now. in terms of what you're seeing, just broadly, ali, the tax environment for you, it is getting worse, no? >> it is. i'm actually just in the middle of annual compensation reviews. i know every employee right now is feeling less in their take-home pay. that is a pressure of a different type for businesses. but...
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Mar 20, 2013
03/13
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strategically speaking that is the way we are supposed to go in this environment. investors are tired of earning zero in cash, trying to find that balance between zero and too far out on the yield curve. dagen: corporate bonds, even busier in high yield, what looks overvalued to you, what concerns you? >> what we have done is reached for yields. moving down on the credit curve, both are exhausted, so high yield has been the best performer this year, but we're due for a correction that looks vulnerable to me right now. dagen: thank you very much. be well. connell: this story of getting laid or having to pay cvs force them to get health screenings or pay more in health insurance. dagen: and talk about earnings. take a look at that, the federal reserve decision this afternoon, that will be your indicator of the stock market. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's
strategically speaking that is the way we are supposed to go in this environment. investors are tired of earning zero in cash, trying to find that balance between zero and too far out on the yield curve. dagen: corporate bonds, even busier in high yield, what looks overvalued to you, what concerns you? >> what we have done is reached for yields. moving down on the credit curve, both are exhausted, so high yield has been the best performer this year, but we're due for a correction that...
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Mar 25, 2013
03/13
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so kind of of in this same environment. how long do you think this could last? >> i don't buy the goldilocks analogy because we are in a low to zero growth. fourth quarter gdp in the u.s. is still zero. corporate profits in the third quarter were negative. we're slightly positive now. but first quarter consensus is negative again. where is goldilocks? only the fed stimulus, the fed is protecting a really tight monetary stance by u.s. congress, raising taxes, and, no, i don't see goldilocks at all. tracy: goldilocks is arguably uncle ben, right? he is not going anywhere anytime soon, right? i could make a argument, sell in may, do away thing doesn't count this year. >> i agree with that one, uncle ben. i hadn't heard that before. ultimately it i is pushing on a string. you need to have private economy, you need u.s. corporations, you need to have the global economy growing and this monetary stimulus is getting in the way of good, pro-growth economic policy. tracy: seems everything you learned in school though is thrown out the window. doug, thank you very much. >
so kind of of in this same environment. how long do you think this could last? >> i don't buy the goldilocks analogy because we are in a low to zero growth. fourth quarter gdp in the u.s. is still zero. corporate profits in the third quarter were negative. we're slightly positive now. but first quarter consensus is negative again. where is goldilocks? only the fed stimulus, the fed is protecting a really tight monetary stance by u.s. congress, raising taxes, and, no, i don't see...
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Mar 25, 2013
03/13
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. >> fiscal austerity only works in environments of high inflation. we need to focus on the future. focus on austerity. dennis: the government is spending too much. this is not a good thing. >> you need to regain balance over time. right now, trying to get through immediately in the united states could really put a drag on growth here. with 7.7% unemployment, we need growth. dennis: it seems like all the folks in washington when they talk about growth, they talk more about growth and tax revenue and growth and the economy. >> right now, not only the united states, but particularly europe, there is not enough focus on reform. we need to make the changes and make it easier for businesses to conduct business. dennis: packs and retitle it reform is what we need. >> absolutely. clarity about a bath for sure prosperity. dennis: thank you for being with us. peter henry. thank you. take care. cheryl: fewer americans are expecting a financial boost from their tax refund this year. 59% of people are expecting that coveted refund check that averaged $2700. 28% are planning on spending the mone
. >> fiscal austerity only works in environments of high inflation. we need to focus on the future. focus on austerity. dennis: the government is spending too much. this is not a good thing. >> you need to regain balance over time. right now, trying to get through immediately in the united states could really put a drag on growth here. with 7.7% unemployment, we need growth. dennis: it seems like all the folks in washington when they talk about growth, they talk more about growth...
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Mar 19, 2013
03/13
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he urged protection of the poorest and the environment. he said the role of pope is to quote, open his arms and protect all of humanity. those are the headlines. back now to tracy. tracy: i think he is cool, patti ann browne. thank you. >> thank you, tracy. tracy: we have breaking news of after all the back and forth and facilitating all day, cyprus parliament rejects tax on bank deposits for a international bailout. 36 votes against and 19 abstained. who knows where it will keep going. the story keeps going. adam: waiting for the russians. tracy: exactly. treasury secretary jack lew on a critical mission to china. earlier today he met with china's new president to talk cybersecurity and more. peter barnes in washington with details. hey, peter. >> tracy, that's right. cybersecurity is at the top of the agenda the new treasury secretary around the new president of china. just last month the private security firm mandy apt, tied the chinese military to cyber attacks on more than 140 u.s. companies. analysts describe the meetings in beijing
he urged protection of the poorest and the environment. he said the role of pope is to quote, open his arms and protect all of humanity. those are the headlines. back now to tracy. tracy: i think he is cool, patti ann browne. thank you. >> thank you, tracy. tracy: we have breaking news of after all the back and forth and facilitating all day, cyprus parliament rejects tax on bank deposits for a international bailout. 36 votes against and 19 abstained. who knows where it will keep going....
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Mar 18, 2013
03/13
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the environment is so different. we have taxes and regulations. is it hard to grow a business in today's world? >> i don't think it's any harder. if you have the passion for what you're doing in believe it and find to let you know, what you are best that and exploit that a stake you will be successful. you know, that's what we have done all along. tracy: debt would be proud. but mitt david, but david founder and ceo. it's all about the passion. thank you. adam: politics. tracy: the compression shirt. adam: know because i no you're going to say something in that whatever response to it. thank you very much. it's tough work. even at that. president obama nominated thomas perez as the next labor secretary this morning. some republicans are already voicing concern about this. and jeff flock is live at the white house. i think the senator from louisiana is already saying no way. >> is going to block this in the senate. does not kill the nomination, but it does create some problems for the administration after thomas perez, the president's pick to lead
the environment is so different. we have taxes and regulations. is it hard to grow a business in today's world? >> i don't think it's any harder. if you have the passion for what you're doing in believe it and find to let you know, what you are best that and exploit that a stake you will be successful. you know, that's what we have done all along. tracy: debt would be proud. but mitt david, but david founder and ceo. it's all about the passion. thank you. adam: politics. tracy: the...